In the modern world, our perceptions of reality are largely shaped by economic and financial considerations, and our policy conversations are largely built around intellectual categories and evaluative criteria that pertain to the economics discipline. Yet a long-term view shows that ‘The world in 2018’ is in a significantly different place than what economists typically claim, and than what many of us want to believe.

Mainstream economics seems to have learned little and changed nothing in the last decade, despite the fact that the financial crisis and its aftermath laid bare a number of important issues with its theories and models. Failure to address these issues is making the economics discipline increasingly incapable of informing us about the trajectory and situation of our world.

‘The World in 2018’ is a world full of concerns about the future, yet a world that seems to be getting slightly more optimistic about its economic prospects. Ten years after the onset of the financial crisis, there are hopes that the global economy may have turned the corner and could finally be starting to pick up after years of slow growth. Are we seeing light at the end of the tunnel – or rather getting deeper into the fog?

New Year predictions are getting more and more popular. In a world that is growing ever more complex and confusing, we seem to be increasingly eager to get some hints about what lies in the fog just ahead of us. Yet what we need is probably less to get some clues about what might be coming up next than to acquire a more acute consciousness and comprehension of the road we are travelling.

The incredible outpouring of emotion that followed the death of French rock star Johnny Hallyday is rather difficult to understand for anyone living outside the francophone world. It reflects the phenomenal and enduring popularity of an artist who had transcended generations and had become in his lifetime part of the French popular heritage. It also reflects, however, the grief of a country that sees one of its cultural symbols go, and that feels part of itself vanishing with him.

Donald Trump’s decision to withdraw the United States from the Paris Agreement on climate change has sparked a global uproar. Yet America’s reluctance to reduce its use of fossil fuels is, in fact, logical. Not only because of the U.S. president’s overt denial of man-made climate change, but also and more fundamentally because it reflects America’s historical essence and trajectory.